IRCTC Makes Mobikwik’s Mobile Wallet As Its First Payment Mode For Mobile Apps

One of the busiest online ticketing platform across the globe, IRCTC has chosen Mobikwik’s mobile wallet as first payment mode for its smartphone application. This will now allow Mobikwik users to bypass the payment process that is generally incurred while booking tickets at IRCTC.

If you are a Mobikwik subscribed user, you can now make payments at IRCTC with a single click, and the amount will be automatically deducted from your mobile wallet. This means you will not have to input your card details every time you make payments at the ticketing platform. For now, this is available only on smartphone apps.

Currently, around 25,000 to 30,000 tickets are booked daily via IRCTC’s Android app and MobiKwik says that it expects this collaboration to spike up the online ticket sales. The mobile payments upstart also plans to extend this mode of payment on IRCTC’s other digital platforms.

Commenting on the partnership, MobiKwik Founder and CEO Bipin Preet Singh said –

It gives us great pleasure to announce that IRCTC has chosen MobiKwik as its preferred mobile wallet partner. Now that [it] is integrated with the IRCTC Connect app, users can experience ‘super-fast, express’ payments and book all their rail tickets in a flash.

Crossing online sales worth USD 3 billion for the year ending March 2015, IRCTC became the largest e-commerce platform in the country. IRCTC owes bulk of its sales to rapid growth in digital transactions which is due to IRCTC’s strong-but-lightweight user interface and a robust process system.

It has raised $30 million in funding till now from Sequoia Capital, American Express, Tree Line Asia, and Cisco Investments. As of now MobiKwik is powering more than 500 daily railway bookings on the IRCTC app with the average ticket value being Rs 700.